Virginia Beach Real Estate Trends Continue to Show Market Growth

Average Listing Price

$414,562

for week ending Jan 28

+$29,804

+7.7%

Average Price per sq feet: $147.00

Median Sales Price

$234,900

Oct ’14 – Jan ’15

Summary for Virginia Beach

Average price per square foot for Virginia Beach VA was $147, an increase of 5% compared to the same period last year. The median sales price for homes in Virginia Beach VA for Oct 14 to Jan 15 was $234,900 based on 553 home sales. Compared to the same period one year ago, the median home sales price increased 0%, or $100, and the number of home sales decreased 45.1%. There are currently 2,678 resale and new homes in Virginia Beach, including 12 open houses, as well as 667 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Virginia Beach VA was $414,562 for the week ending Jan 28, which represents an increase of 7.7%, or $29,804, compared to the prior week. Popular neighborhoods in Virginia Beach include Northwest and North Central, with average listing prices of $338,478 and $423,379.

Steve Southerland

Steve is the founder of Southerland Real Estate. And while he takes pride in having turned his dream into a robust reality, all that takes a back seat to the customer care he provides.